HWM
Howmet Aerospace Inc.

Howmet Aerospace Inc.HWM

Industrials · Aerospace & Defense
205.81USD
+2.52%
Nov 08, 2026
HWM overview ready
Supplier of engineered aerospace components and fastening systems to global aircraft manufacturers
Howmet Aerospace designs, manufactures, and supplies engineered components and systems primarily for aerospace and transportation industries through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
Primary theme is improving
Commercial Aerospace is improving (+6.0pp vs SPY over 21 sessions; 11 of 17 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Market Nov 6Filing Sep 30Price action Nov 7

Conviction Level

PriceAction5.4BusinessPerformance9.0BusinessQuality7.5Valuation3.0ThemeMomentum7.0Accelerating — Revenue growth has accelerated across 4 consecutive quarters, rising from +15% to +29% year over year. Diluted EPS is up 50% year over year at $1.42. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+6.0pp
Theme return
+1.0%
Beating SPY
11 of 17
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
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Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$81.8B
Avg Volume (60D)
3.8M
60 sessions
Revenue Growth YoY
+11.1%
FY2025 vs FY2024
Gross Margin
+33.3%
Trailing twelve months
Operating Margin
+28.1%
Trailing twelve months
Free Cash Flow Yield
+2.4%
Distance from 200DMA
-17.1%
P/E
39.9x
EV / EBITDA
28.0x
EV / Sales
8.8x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Accelerating

Revenue growth has accelerated across 4 consecutive quarters, rising from +15% to +29% year over year. Diluted EPS is up 50% year over year at $1.42.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+29%
$2.70B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +15%
  2. +19%
  3. +24%
  4. +29%
Earnings growthGrowing
+50%
Diluted EPS $1.42 vs $0.95 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +71%
  3. +33%
  4. +50%
Operating marginExpanding
28.8%
+2.8 pp YoY

Business Quality

7.5 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; own history is the dissenting view.
Howmet Aerospace Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Research coverage for this company is in progress.

Economic classification

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Business & Markets

Industrials · Aerospace & Defense
What they do

Howmet Aerospace designs, manufactures, and supplies engineered components and systems primarily for aerospace and transportation industries through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

How it earns

The company generates revenue through transactional sales of aerospace and transportation components and engineered solutions to original equipment manufacturers and aftermarket customers.

Products & services
Airfoils and seamless rolled rings for aircraft engines
Aerospace fastening systems
Engineered structures
Forged wheels
Customers & end markets
Aerospace original equipment manufacturers
Industrial gas turbine manufacturers
Transportation industry companies
Market position

Leader in engineered aerospace components with diversified product segments serving global aerospace and transportation markets.

Demand drivers
High cyclicality

Heavily dependent on aerospace industry cycles and capital spending in commercial and defense sectors.